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LANCE Armstrong is likely to be stripped of his seven Tour de France titles and banned from cycling for life after dropping his fight against doping charges.

The news means Armstrong is likely to lose all of the Tour de France titles he won between 1999 and 2005.

The 40-year-old Armstrong today issued a statement saying "enough is enough" in his bid to clear his name, after a US federal court last month dismissed his lawsuit against the United States Anti-Doping Agency (USADA).

"There comes a point in every man's life when he has to say, 'enough is enough.' For me, that time is now," Armstrong said in the statement.